IKN

with good capon lined

The last time the yield curve was this inverted was October 1981

Soft landing? You’re in dreamland:

Choose from stagflation or recession, there are no other options. Chart from here.

2 Comments

    Back then it was only private eyes watching you and seeing your every move. Now it’s Google, Facebook, Alexa…

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    From October 1, 1981 to October 1, 1987 the DJIA went from 860.73 to 2639.20 or about a 19.5% compound annual return. Admittedly, the crash was just around the corner and the Dow started from a much lower valuation than we’re at now, but it doesn’t pay to get too psyched out by the inverted yield curve.

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